New Zealand Gazette – 1999 – No. 101

Page 2449

✨ Community Trust Annual Report



26 AUGUST NEW ZEALAND GAZETTE 2449

The purpose of The Community Trust is to provide charitable, cultural, philanthropic and recreational benefits to the community.

Date of Trust Deed: 30 May 1988.

Settlor: Minister of Finance.

Trustees: I. D. Howell, P. H. Malone, N. A. Allen, J. M. Mckendry, J. C. Bedwell, R. H. Scott, W. Dormer, F. J. Smith, B. P. Duncan, M. W. Wisheart, M. I. Gibb, S. S. J. Wong.

Administrator: W. Ward.

Accountants: KPMG, P.O. Box 274, Christchurch (M. J. Hadlee).

Auditors: PricewaterhouseCoopers, P.O. Box 13-244, Christchurch (J. A. Orr).

Fund Managers: Alliance Capital, Lazard Freres, Mercury Asset Management, AMP, Bankers Trust, Towers Perrin.

Custodial Trustee: The Chase Manhattan Bank.

Bankers: WestpacTrust.

Solicitors: Chapman Tripp Sheffield Young, P.O. Box 2510, Christchurch (L. Alexander).

The Community Trust Trustees’ Report for the Year Ended the 31st day of March 1999

Objectives of the Trust and Charitable Company Subsidiary:

To provide charitable, cultural, philanthropic and recreational benefits to the communities of Canterbury, Marlborough and Nelson.

Policies and Structure of the Trust and Charitable Company Subsidiary:

These organisations are structured to include community representatives from the 3 regions. Their policies are to manage and distribute their income and capital to the community they serve.

Activities of the Trust:

During the period under review the trust and its charitable subsidiary have provided financial assistance to a wide range of community groups in Canterbury, Marlborough and Nelson. In addition to responding to applications for assistance these organisations have initiated several new projects of benefit to community groups.

Trustees’ Remuneration:

During the period the trustees of the trust received fees of $85,589 (1998: $90,121).

Review of Results and Financial Position:

The total distribution from the trust and charitable company was $17.5 million (1998: $17.2 million) by way of donations to community groups during the last 12 months.

Signed on behalf of the board of trustees:

Chairperson: I. D. Howell.

Trustee: R. H. Scott.

Date: 28 June 1999.

The Community Trust Consolidated Statement of Financial Performance for the Year Ended the 31st day of March 1999

Notes 1999 $000 1998 $000
Revenue 2 40,707
Less investment fees 2 1,897
Less expenses 2 1,071
Net surplus before taxation 37,739
Less retentions—
Transfer to capital base reserve 6,766
Available for distribution 30,973
Donations to tax approved entities 3 12,939
Net surplus transferred to trust funds $18,034
Transferred to accumulated income reserve 4 $18,034

The Community Trust Consolidated Statement of Movements in Trust Funds for the Year Ended the 31st day of March 1999

Notes 1999 $000 1998 $000
Total trust funds at beginning of year 420,015
Less donations paid from capital 3 (4,468)
415,547
Add net surplus for the year 18,034


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✨ LLM interpretation of page content

🏢 Bay of Plenty Community Trust Incorporated Annual Report for the Year Ended 31 March 1999 (continued from previous page)

🏢 State Enterprises & Insurance
5 August 1999
Trust, Community Trust, Annual Report, Bay of Plenty, Financial Performance, Community Contributions, Cash Flows, Investments
16 names identified
  • I. D. Howell, Trustee
  • P. H. Malone, Trustee
  • N. A. Allen, Trustee
  • J. M. Mckendry, Trustee
  • J. C. Bedwell, Trustee
  • R. H. Scott, Trustee
  • W. Dormer, Trustee
  • F. J. Smith, Trustee
  • B. P. Duncan, Trustee
  • M. W. Wisheart, Trustee
  • M. I. Gibb, Trustee
  • S. S. J. Wong, Trustee
  • W. Ward, Administrator
  • M. J. Hadlee, Accountant
  • J. A. Orr, Auditor
  • L. Alexander, Solicitor

  • I. D. Howell, Chairperson
  • R. H. Scott, Trustee

🏢 The Community Trust Trustees’ Report for the Year Ended the 31st day of March 1999

🏢 State Enterprises & Insurance
28 June 1999
Trust, Community Trust, Annual Report, Canterbury, Marlborough, Nelson, Financial Performance, Community Contributions
  • I. D. Howell, Chairperson
  • R. H. Scott, Trustee

  • I. D. Howell, Chairperson
  • R. H. Scott, Trustee

🏢 The Community Trust Consolidated Statement of Financial Performance for the Year Ended the 31st day of March 1999

🏢 State Enterprises & Insurance
Trust, Community Trust, Financial Performance, Revenue, Expenses, Donations, Financial Statements

🏢 The Community Trust Consolidated Statement of Movements in Trust Funds for the Year Ended the 31st day of March 1999

🏢 State Enterprises & Insurance
Trust, Community Trust, Trust Funds, Financial Movements, Capital, Surplus, Financial Statements